TRX Has Emerged as a Dominant Force in the Cryptocurrency Stablecoin Space

Tron (TRX) has emerged as a dominant force in the cryptocurrency stablecoin space, overtaking Ethereum to become the leading platform for USDT transactions.

Good news, Tron (TRX) fans! Its role as a dominant force in the cryptocurrency stablecoin space has seen it rapidly overtake Ethereum (ETH) to become the leading platform for USDT transactions.

This shift in market preference has sparked discussions about TRX potentially breaking the $0.30 price barrier in the near future.

According to CryptoQuant’s analysis, Tron has become the preferred network for users to transfer USDT compared to Ethereum.

This finding highlights a significant shift in user behavior within the stablecoin ecosystem.

TRON > Ethereum for USDT

TRON now leads stablecoin activity:

– $75.8B USDT supply– $23.4B daily volume– 2.4M daily txs vs ETH’s 284k

Stablecoin crown secured.

The post TRON (TRX) Surpasses Ethereum (ETH) in USDT Transactions: Is $0.30 on the Cards? appeared first on CryptoQuant.com.

The total USDT circulating on the Tron network has reached $75.8 billion, a large portion of all Tether (USDT) in circulation.

The network handles around $23.4 billion in daily transaction volume.

This development marks a reversal from Q1 metrics, where Ethereum held 58% dominance in the $200 billion stablecoin market compared to Tron’s 31%.

These numbers highlight a significant migration of stablecoin liquidity away from Ethereum in recent times.

Transaction Volume Soars

Tron offers lower transaction fees and faster settlement times than Ethereum.

It currently processes about 2.4 million USDT transactions daily, a staggering rate compared to Ethereum’s 284,000 transactions per day.

This high transaction volume has a direct impact on TRX demand, as the token is used to pay for transaction fees on the network.

The increasing usage creates natural buying pressure that could drive price appreciation in the coming weeks.

CryptoQuant has declared that Tron has the “stablecoin crown secured,” confirming its new leadership position in stablecoin usage, particularly for USDT transactions.

As of May 2025, TRX is currently trading at around $0.27, having reached a peak of $0.268 in recent days as it tests resistance levels.

Its trading volume has increased by over 26% to $828.2 million, signaling growing investor interest.

For TRX to breakout towards $0.30, it must overcome the key resistance level at $0.28.

Sustained momentum in ecosystem growth and transaction volume could help push the price into the $0.30-$0.35 range.

Crypto analyst Willy Woo has pointed out the connection between Bitcoin’s price appreciation and Tether’s increasing U.S. Treasury holdings.

As Tether expands its Treasury investments to back its stablecoin reserves, Woo predicts that Tether could become the largest holder of these assets as Bitcoin rises toward $1 million.

The crazy thing is when BTC hits $1M, Tether will likely be the #1 holder of US treasuries.

If Tron maintains its position as the preferred network for USDT transactions, this growth trajectory could create sustained demand for TRX tokens.

In the broader market outlook, analysts at DigitalCoinPrice have set bullish price targets for TRX in the coming years.

Their forecasts indicate that TRX could climb above $0.70 by the end of 2025, potentially reaching as high as $0.73 by December 2025.

The token faces critical support around its current price of $0.27. Technical indicators, including an RSI reading of 66, suggest a possible pullback from overbought territory before any sustained upward movement.

For long-term investors, projections extend even further. By 2026, TRX could potentially breach the symbolic $1 level if the platform continues expanding its presence across decentralized applications. By 2030, some analysts project an all-time high of $3.55, although this path will not be without challenges.

Tron’s continued dominance in stablecoin transactions, particularly USDT, provides a strong foundation for TRX’s future price growth.

With its current momentum and expanding ecosystem, TRX appears well-positioned to test higher price levels in the coming months.

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The post Tron (TRX) Price Surges 100% In 2024 As ETH Flips Edges Closer To Completion appeared first on Benzinga.